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Reaves Utility Income Fund
UTG

73 hedge funds and large institutions have $84.8M invested in Reaves Utility Income Fund in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

18% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 17

6% more funds holding

Funds holding: 69 → 73 (+4)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.85% less ownership

Funds ownership: 8.89% → 8.04% (-0.85%)

9% less capital invested

Capital invested by funds: $93.1M → $84.8M (-$8.29M)

Holders
73
Holders Change
+4
Holders Change %
+5.8%
% of All Funds
1.82%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
20
Reduced
17
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$1.44M
2
Morgan Stanley
Morgan Stanley
New York
+$904K
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$309K
4
DC
Davenport & Co
Virginia
+$302K
5
AAM
Advisors Asset Management
Colorado
+$293K

Top Sellers

1
Citigroup
Citigroup
New York
-$3.68M
2
JHIU
Janus Henderson Investors US
Colorado
-$3.05M
3
CRC
Curi RMB Capital
Illinois
-$2.99M
4
DA
Doliver Advisors
Texas
-$1.15M
5
YCM
Yakira Capital Management
Connecticut
-$973K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$13M +$1.44M +48,555 +13%
Morgan Stanley
2
Morgan Stanley
New York
$11.1M +$904K +30,411 +9%
HBWM
3
Hollow Brook Wealth Management
New York
$7.96M -$83.6K -2,810 -1%
GC
4
Guggenheim Capital
Illinois
$5.73M -$799K -26,876 -13%
Wells Fargo
5
Wells Fargo
California
$4.63M -$690K -23,199 -13%
LTFS
6
Ladenburg Thalmann Financial Services
Florida
$3.67M -$19.7K -664 -0.6%
WHRC
7
W.H. Reaves & Co
New Jersey
$3.18M +$128K +4,291 +4%
YCM
8
Yakira Capital Management
Connecticut
$3.09M -$973K -32,723 -25%
GWM
9
Graybill Wealth Management
Illinois
$2.92M +$28.8K +970 +1%
LPL Financial
10
LPL Financial
California
$2.89M +$233K +7,823 +9%
Bank of Nova Scotia
11
Bank of Nova Scotia
Ontario, Canada
$2.65M -$330K -11,111 -11%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$2.34M -$74.8K -2,514 -3%
UBS Group
13
UBS Group
Switzerland
$2.22M -$28.4K -954 -1%
RJFSA
14
Raymond James Financial Services Advisors
Florida
$1.67M -$39.9K -1,343 -2%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$1.53M -$54.2K -1,821 -4%
RJA
16
Raymond James & Associates
Florida
$1.29M +$82K +2,756 +7%
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$1.11M +$309K +10,405 +40%
SCM
18
Sterling Capital Management
North Carolina
$989K – – –
ISL
19
Ingalls & Snyder LLC
New York
$906K – – –
Stifel Financial
20
Stifel Financial
Missouri
$881K +$158K +5,300 +23%
Janney Montgomery Scott
21
Janney Montgomery Scott
Pennsylvania
$845K +$116K +3,901 +17%
Creative Planning
22
Creative Planning
Kansas
$789K +$79.9K +2,685 +12%
FWM
23
Focused Wealth Management
New York
$687K +$7.29K +245 +1%
First Trust Advisors
24
First Trust Advisors
Illinois
$608K +$27.4K +921 +5%
SCA
25
Snowden Capital Advisors
New York
$570K – – –
1
2 3 4

UTG Hedge Fund Activity: Q4 2016 in Review

73 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2016, worth a combined $84.8M — down 8.9% from $93.1M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new UTG positions and 6 closed out — a net gain of 5 holders — while 20 added to existing stakes and 17 trimmed.

The largest buyer was Bank of America, adding an estimated $1.44M. The largest seller was Citigroup, cutting an estimated $3.68M.

  • 73 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2016, up from 69 in Q3 2016.
  • Funds reported $84.8M of Reaves Utility Income Fund stock for Q4 2016, down 8.9% quarter-over-quarter.
  • 11 funds opened new Reaves Utility Income Fund positions in Q4 2016 and 6 closed out, a net change of +5 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2016 was Bank of America, an estimated $1.44M added.
  • The largest Reaves Utility Income Fund seller in Q4 2016 was Citigroup, an estimated $3.68M sold.

Based on aggregated 13F filings for Q4 2016.